Alloy Steel International, Inc. announced that at its AGM held on 28 June 2013, Mr. Gene Kostecki has advised the Board that he is now resigning as CEO and Technical Director with immediate effect to allow him to pursue other interests. The Board has promoted Mr. Steven Kostecki who will transition from Production Manager to the role of CEO and Managing Director. Mr. Steven Kostecki has been in charge of Arcoplate production since 2006 and has been mentored by Mr. Gene Kostecki over the recent years in anticipation of his promotion to the CEO role.

Mr. Gene Kostecki will continue in a consulting role to ensure the completion of the Indonesian facility and to continue research and development on new and advanced production units to help Alloy Steel International maintain its technical superiority in the field of metallic and ceramic wear resistant materials.